5421 Rannock Avenue

Property Overview: 5421 Rannock Avenue, Winnipeg

Key Characteristics & Appeal

This is a classic, well-maintained one-storey home in the established Roblin Park neighbourhood, built in 1969. Its most defining feature is the exceptionally large, private lot of nearly 21,000 sqft—a rare find that places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,237 sqft of living space with a finished basement and a detached garage.

The primary appeal lies in the balance of a solid, move-in-ready house with immense outdoor potential. While the home ranks moderately for its size and age within its immediate area, the property's overall value is underscored by its land, ranking in the top 20% on its street for assessed value. It suits buyers looking for a quiet, mature neighbourhood who prioritize space and privacy over a brand-new build. It’s ideal for someone who sees the generous yard as a blank canvas for gardening, recreation, or future expansion, or simply values the peace and established greenery that a large lot provides.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on the same street, in Roblin Park, and across all of Winnipeg. For example, its land size surpasses 99% of Winnipeg properties, indicating an unusually large lot, while its build year is newer than only 23% on its street, reflecting the mature nature of the area.

2. Is the house in need of major updates?
The home is over 50 years old, so some systems (like roof, windows, furnace) may be due for inspection or updating depending on their maintenance history. The finished basement suggests livable space, but the condition should be verified.

3. How can a lot be so large in the city?
This is characteristic of certain older Winnipeg neighbourhoods like Roblin Park, which were developed at a time when larger lot sizes were more common, offering a suburban feel within city limits.

4. What are the implications of a "detached" garage?
A detached garage means walking outside to access your vehicle, which can be a consideration in winter. However, it also offers flexibility—the structure could potentially be used for a workshop or storage separate from the house.

5. Does the high land value mean high property taxes?
Property taxes are based on the total assessed value, which is $444,000. While the land is a significant contributor, the overall assessment is a key figure for estimating annual taxes, which should be confirmed with current municipal rates.